Resolution on acquisition limit
Resolved Monday, 9 November 2026Tender offer for treasury sharesThe full horizontal line represents all issued shares, with marks at 10% intervals. The colored section represents the percentage stated in the resolution as the maximum proportion that may be repurchased under it.
This is a limit, and does not mean that the company will buy back all of it. The amount actually acquired will be shown in a later disclosure on the status of the acquisition of treasury shares.
From Friday, 13 November 2026 through Sunday, 31 January 2027
To avoid the potentially significant adverse effects on the liquidity and market price of NEC's ordinary shares that could result from NTT's market sale of the ordinary shares it owns, and to acquire some of those ordinary shares as treasury shares to the extent that doing so would not adversely affect NEC's financial soundness, which, depending on the acquisition terms, could contribute to improved capital efficiency, including EPS and ROE, and the return of profits to shareholders.
| Item | Details |
|---|---|
| Class of shares to be acquired | Common shares |
| Maximum number of shares to be acquired | 32,559,100 shares (maximum) |
| Percentage of total issued shares | 2.39％ |
| Total acquisition price | ¥130,000,000,000 (maximum) |
| Acquisition period | From Friday, 13 November 2026 through Sunday, 31 January 2027 |
| Method of acquisition | Tender offer for treasury shares |
| Reason for acquisition | To avoid the potentially significant adverse effects on the liquidity and market price of NEC's ordinary shares that could result from NTT's market sale of the ordinary shares it owns, and to acquire some of those ordinary shares as treasury shares to the extent that doing so would not adversely affect NEC's financial soundness, which, depending on the acquisition terms, could contribute to improved capital efficiency, including EPS and ROE, and the return of profits to shareholders. |
| Resolution date | Monday, 9 November 2026 |
| Current number of treasury shares | 34,494,151 shares (as of 30 September 2026) |
| Total number of issued shares | 1,329,755,164 shares (as of 30 September 2026, excluding treasury shares) |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To avoid potential adverse effects on liquidity and the market price of the shares resulting from NTT's market sale, and to use the acquisition of treasury shares to improve capital efficiency, including EPS and ROE, and return profits to shareholders. In addition, to review the capital and business alliance with NTT and provide shareholders other than NTT with an opportunity to tender their shares.